When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GOOGL - Google Q2: Cloud Growth And Margin Expansion Continues
Alphabet Inc.
2024-07-24 13:35:14 ET
Summary
Strong cloud growth drives overall top-line growth, with Google Cloud representing over 12% of total revenue and showing 28.8% year-over-year growth in Q2.
Anticipate Google Cloud business to continue growing by 20%+ with margin expansion potential due to AI workloads and partnerships.
Fair value estimate of $220 per share for Alphabet Inc. class A shares, with a “Buy” rating based on growth in digital ads, cloud services, and other businesses.